Fannie Mae-No Politics (FNMA)

[Robert from yahoo bd]

"...the 2024 CLL value for one-unit properties will be $766,550, an increase of $40,350 from 2023."

Would that buy 1/2 a house in SF or SD?

Although there is this....

"High-Cost Areas

For areas in which 115 percent of the local median home value exceeds the baseline conforming loan limit value, the applicable loan limit will be higher than the baseline loan limit. HERA establishes the high-cost area limit in those areas as a multiple of the area median home value, while setting the ceiling at 150 percent of the baseline limit. Median home values generally increased in high-cost areas in 2023, which increased their CLL values. The new ceiling loan limit for one-unit properties will be $1,149,825, which is 150 percent of $766,550."